Tesla countersues JPMorgan over 'windfall'
Warrants give holders the right to buy company stock at a set “strike” price and date.and had “funding secured,” and his abandoning that plan 17 days later, created share price volatility to justify lowering the strike price on its warrants.
JPMorgan accused Tesla of defaulting because it failed to hand over shares or cash when the warrants expired in June and July 2021, by which time Tesla’s share price had risen about 10-fold.ullstein bild via Getty Images In its countersuit, Tesla accused JPMorgan of having “put its thumb on the scale” to demand even more money, after already receiving a “multibillion-dollar payout” because of the soaring stock price.that ended in $20 million fines against both him and Tesla and forced him to give up Tesla’s chairmanship.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Criticizes Twitter — Gets Blasted for Using Tesla to Promote Crypto, Dogecoin – Featured Bitcoin News'Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread,” said Elon Musk. crypto cryptocurrency dogecoin $DOGE
Read more »
Elon Musk, Tesla business in China, Xinjiang points to dark futureInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Austin drone operator captures intriguing first photos of Tesla Model Ys at Gigafactory TexasThe vehicles may have been produced for crash-test purposes.
Read more »
Elon Musk’s “Fanboy” Bet Nearly Everything On Tesla—And Made BillionsWhen the March 2020 crash prompted a fire sale, Leo Koguan risked much of what he had left on Tesla options. He’s now worth more than $8 billion.
Read more »
Panasonic's higher-capacity Tesla battery could enter production in 2023 | EngadgetThe 4680 cells could boost EV ranges by over 15 percent and reduce costs..
Read more »
Panasonic will reportedly start mass producing next-gen Tesla batteries in 2023Tesla also hopes to produce the batteries in-house.
Read more »